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Investors can use MF Central for transmission of a deceased person’s mutual fund investments | Simply Save

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Investors can use MF Central for transmission of a deceased person’s mutual fund investments | Simply Save

Updating nomination for mutual fund investments can be easy if the investment is in the name of a single investor, but for jointly-held investments, physical forms are still required. However, there are discussions on making nomination in jointly-held investments optional, according to Mario Sylvester Roche, COO of Domestic Fund Services at KFin Technologies. While it is technically possible to update nomination online for jointly-held investments, it may not be implemented easily. The transmission of mutual fund units to surviving family members after an investor's demise follows a standardized process, and transmission requests can be made online via MF Central.

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